WW,
I'm glad some-one else picked that up as well, in the small print.
A new ore-sorter is being built in Germany. It will then have to be transported, set-up on site, tested and commissioned before any DSO gets sorted. So how much extra is this costing? Last year, according to Cudeco's releases, it was installing it's ore-sorter, that turned into a trial ore-sorter.
What are they doing with it?
Why aren't they using it now at the 30t/hr rate andcreating DSO and cashflow?
Will the new one be installed by the end of this year? Could we have some type of timeline? Obviously not.
I think it's now a matter of WHEN is the next cap raise, as you can't keep delaying things, and buying new toys without money. I'm guessing 'soon' for the next cap raise. The money from the loan was to complete the processing plant, this new ore-sorter has to be paid for somehow.
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